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Red Eagle Mining Corp RDEMF

Metals & Mining Industrial Metals & Minerals
Red Eagle Mining Corp is a Canada-based development-stage company. It is engaged in the exploration and development of mineral properties. Geographically it operates in the countries of Canada and Colombia. It focuses on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia. The company primarily explores for Gold and owns interests in the Santa Rosa Gold Project located in Antioquia, Colombia covering an area of approximately 10,000 hectares.


GREY:RDEMF - Post by User

Red Eagle Mining Corp
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Comment by quicksilver545on Aug 12, 2017 12:16am
176 Views
Post# 26573827

RE:Over Allotment

RE:Over AllotmentThe rights closed at $30M, which was the commitment that the "big boys" agreed to. This means that pretty much zero other retail investors exercised their rights (not exactly true as I did, and I am sure a few others on here may have, but I targetted this rights offering for the attached warrant). Anyone who had exercised additional subscription privileges would have been filled.

The stock has responded quite well in the last few days. I will happily sell my shares for around 32-33c and keep the warrant. I expect the warrant will trade between 10-15 cents at current stock prices (I base this upon the pricing of other 5-year warrants with similar gap between stock price and exercise). 
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities